Kozhikode: Indian Institute of Management, Kozhikode (IIM-K), has decided to set up an endowment fund, namely, ‘Prahalad Fund’. The fund set up in order to commemorate the contribution made by late Professor C K Prahalad. The purpose of this fund is to globalize Indian thought of leadership through knowledge creation and dissemination.
As per sources, Professor C K Prahalad, a world renowned management guru, passed away on April 16 this year, following a brief period of illness, at San Diego in US, at the age of 68. Also, he was the chief guest at IIM-K's 2008 convocation and gave an inspiring and evocative vision for India @ 75. Mr Prahalad is today acknowledged as one of the foremost management gurus of the world. He was best known for his work Fortune at the Bottom of the Pyramid and was also conferred the Padma Bhushan by the Government of India in 2009.
Debashis Chatterjee, IIM-K Director, has said that we are the first business school in the world to commemorate the contribution made by Prahalad. IIM-K expects to generate Rs 1 crore through the endowment fund this year to promote the values Prahalad stood for. They are also pleased to announce an annual lecture entitled 'C K Prahalad Memorial Annual Lecture–the Rise of India from the Bottom to the Top of the Pyramid. Mr Chatterjee also added that it will be delivered each year by an eminent management thinker and practitioner from around the world, with a view to inspire young Indians to rise to the challenge of leading India through inclusion and excellence.
